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New management appointments at CapitaLand entities (Amended)

Capitaland Retail China Trust Management (CRCTM) has appointed a new chief executive, Tan Tze Wooi, who has been deputy CEO of CRCTM since Dec 2016, will assume the role of CEO from March 1 this year.

PHOTO: CAPITALAND

A TOTAL of three appointments to management have been made at CapitaLand Retail China Trust Management (CRCTM), CapitaLand Commercial Trust Management (CCTM) and Ascott Residence Trust Management. They are to take effect from March 1.

Tan Tze Wooi, who has been deputy CEO of CRCTM since Dec 2016, will assume the role of CEO (Designate). Current CEO Tony Tan Tee Hieong will remain in the position.

The 43-year-old will relinquish his concurrent role as regional general manager of North China for CapitaLand Mall Asia Limited, a position that he has held since March 2014.

The company said in a filing to the bourse operator on Wednesday that Mr Tan has about 20 years of financial experience in real estate, corporate banking, credit and auditing in Singapore and China. He joined CapitaLand Group in 2005 and has been based in China since 2008, during which he held various leadership positions including vice-president of investment and asset management of CRCTM, and general manager of investment and asset management of North China for CapitaLand Mall Asia.

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The 48-year-old is currently head of asset management of CCTM and senior vice-president of asset management (commercial) at CapitaLand Singapore.

He has more than 15 years of real estate and finance experience that includes investment and asset management, fund management, project development and management as well as property management. Before managing the asset management function at CCTM, he was with CapitaLand Mall Asia, the wholly owned shopping mall business unit of CapitaLand, as country head of India. He had then established the company's India retail development, investment and asset management platforms as well as managed the company-sponsored S$880 million private fund and other fund investments.

Beh Siew Kim, 46, will take over as deputy CEO of Ascott Residence Trust Management.

She is currently the financial controller and head of corporate planning and compliance at CapitaLand China.

As a member of the senior management team, Ms Beh has been actively involved in deal analysis, investor relations, as well as private and institutional financing. In her 10 years with CapitaLand China, she has participated in the set-up of private equity funds, acquisitions and divestment deals, including CapitaLand's high profile acquisition of Orient Overseas Developments Limited in 2010.

Note: This article has been amended to reflect that Tan Tze Wooi has been appointed CEO designate and not CEO.